Liabilities / Assets
17th percentile
Higher debt load relative to assets than 17% of similar nonprofits.
EIN 74-1109655 • 501(c)3 • Houston, TX
Profile
The museum of fine arts, houston serves as a welcoming and inclusive place for all people, connecting the communities of houston with diverse histories of art spanning 5,000 years and six continents. Through our permanent collections, special exhibitions, learning and interpretation programs, publications, conservation and scholarly research, we strive to inspire appreciation and understanding of the broadest spectrum of human achievement.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
17th percentile
Higher debt load relative to assets than 17% of similar nonprofits.
Liabilities / Revenue
55th percentile
Higher debt load relative to revenue than 55% of similar nonprofits.
Net Margin
86th percentile
Higher net margin than 86% of similar nonprofits.
Top Officer Pay
43rd percentile
Higher top officer pay than 43% of similar nonprofits.
Top officer pay equals 0.7% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Assets
Up$2,303,148,960
Up $125,730,585 (+5.8%) from 2023
Liabilities
Up$144,595,249
Up $4,821,516 (+3.4%) from 2023
Net Assets
Up$2,158,553,711
Up $120,909,069 (+5.9%) from 2023
Revenue
Up$226,771,106
Up $78,789,843 (+53%) from 2023
Expenses
Up$149,774,624
Up $28,471,221 (+23%) from 2023
Net Income
Up$76,996,482
Up $50,318,622 (+189%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The museum of fine arts, houston (the "museum") is organized and is to be operated exclusively for charitable, scientific, literary, and educational purposes, including the operation and maintenance of one or more museum facilities and, in connection therewith, the operation and maintenance of an arts school and the conduct of such other charitable, scientific, literary, and educational activities as are customarily carried on by a museum and which are approved by the board of trustees.
The museum of fine arts, houston serves as a welcoming and inclusive place for all people, connecting the communities of houston with diverse histories of art spanning 5,000 years and six continents. Through our permanent collections, special exhibitions, learning and interpretation programs, publications, conservation and scholarly research, we strive to inspire appreciation and understanding of the broadest spectrum of human achievement.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,270,951,251 | $1,391,583,430 | ▲ $120,632,179 |
| Land, Buildings, and Equipment, Net | $414,874,557 | $394,345,226 | ▼ $20,529,331 |
| Investments Other Securities | $342,495,630 | $367,620,069 | ▲ $25,124,439 |
| Savings and Temporary Cash Investments | $65,234,353 | $70,736,633 | ▲ $5,502,280 |
| Cash and Non-Interest-Bearing Accounts | $64,072,939 | $64,022,710 | ▼ $50,229 |
| Pledges and Grants Receivable | $14,691,847 | $9,526,516 | ▼ $5,165,331 |
| Prepaid Expenses and Deferred Charges | $921,568 | $1,423,748 | ▲ $502,180 |
| Accounts Receivable | $952,754 | $1,064,646 | ▲ $111,892 |
| Inventories for Sale or Use | $786,782 | $790,509 | ▲ $3,727 |
| Receivables From Officers Etc | $522,046 | $465,309 | ▼ $56,737 |
| Total Assets | $2,177,418,375 | $2,303,148,960 | ▲ $125,730,585 |
| Other Assets Total | $1,914,648 | $1,570,164 | ▼ $344,484 |
| Liabilities | |||
| Other Liabilities | $99,183,912 | $99,212,972 | ▲ $29,060 |
| Accounts Payable and Accrued Expenses | $25,096,330 | $30,167,424 | ▲ $5,071,094 |
| Deferred Revenue | $15,493,491 | $15,214,853 | ▼ $278,638 |
| Total Liabilities | $139,773,733 | $144,595,249 | ▲ $4,821,516 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $1,416,837,372 | $1,536,159,960 | ▲ $119,322,588 |
| Net Assets Without Donor Restrictions | $620,807,270 | $622,393,751 | ▲ $1,586,481 |
| Total Net Assets Fund Balance | $2,037,644,642 | $2,158,553,711 | ▲ $120,909,069 |
| Total Liabilities and Net Assets / Fund Balance | $2,177,418,375 | $2,303,148,960 | ▲ $125,730,585 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $358,957,444 | $178,223,683 | $537,181,127 |
| Equipment | $7,510,767 | $28,927,485 | $36,438,252 |
| Land | $27,877,015 | - | $27,877,015 |
| Other Securities | $70,590,741 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $1,580,243,357 | $-7,416,194 | ▲ $223,664,669 | $82,693,576 | $1,700,842,764 |
| 2022 | $1,478,063,857 | $12,896,914 | ▲ $173,631,139 | $77,105,958 | $1,580,243,357 |
| 2021 | $1,624,010,463 | $2,066,988 | ▼ $87,047,022 | $55,569,166 | $1,478,063,857 |
| 2020 | $1,294,196,223 | $6,972,834 | ▲ $386,868,283 | $60,789,911 | $1,624,010,463 |
| 2019 | $1,316,885,686 | $3,418,747 | ▲ $36,285,162 | $58,739,369 | $1,294,196,223 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Gary Tinterow | Director | FT | $770,611 | $891,206 | $1,661,817 |
| Eric Anyah | Chief Financial Officer | FT | $563,018 | $254,451 | $817,469 |
| Amy Purvis | Chief Development Officer | FT | $419,457 | $115,060 | $534,517 |
| Darren a Bartsch | Managing Investment Director | FT | $392,089 | $66,919 | $459,008 |
| Larry Stokes | Chief Hr & Diversity Officer | FT | $381,987 | $72,840 | $454,827 |
| Christian Schornich | Chief Operating Officer | FT | $371,006 | $78,721 | $449,727 |
| Paul Coffey | Director, Glassell School of Art | FT | $290,648 | $44,744 | $335,392 |
| Bradford Smith | Investment Director | FT | $204,506 | $59,194 | $263,700 |
| Zachary Haines | Chief Technology Officer | FT | $233,612 | $25,214 | $258,826 |
| Deborah L Roldan | Chief Exhibtions Officer | FT | $232,761 | $23,739 | $256,500 |
| Julia R Petty | Controller | FT | $208,058 | $40,285 | $248,343 |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Fayez Sarofim & Co | Investment Services | PO BOX 973701, Dallas, TX 75397-3701 | $1,558,670 |
| Andy Frain Services INC | Armed Guard Services | 761 SHORELINE DRIVE, Aurora, IL 60504 | $1,090,212 |
| Rogers-o'brien Construction Co LLC | General Contractor | 1901 REGAL ROW, Dallas, TX 75235 | $914,706 |
| City Kitchen LLC | Catering Services | PO BOX 262409, Houston, TX 77207 | $836,467 |
| Osc-o'donnell Snider Construction INC | General Contractor | 1900 WEST LOOP SOUTH STE 500, Houston, TX 77027 | $722,426 |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Works of Art | 1,186 | $6,926,316 | Cost or Selling Price |
| Securities Publicly Traded | 14 | $2,081,693 | Cost or Selling Price |
| Total Noncash Contributions | 1,200 | $9,008,009 | - |
| Line Item | Amount |
|---|---|
| Other Expenses | $99,591,403 |
| Salaries, Compensation, and Employee Benefits | $49,862,781 |
| Total Fundraising Expense | $5,659,035 |
| Professional Fundraising Fees | $162,000 |
| Grants and Similar Amounts Paid | $158,440 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $29,840,314 | $3,572,532 | $1,868,141 | $35,280,987 |
| Depreciation Depletion | $17,265,490 | $4,371,362 | $896,251 | $22,533,103 |
| Other Employee Benefits | $4,895,934 | $1,512,680 | $383,462 | $6,792,076 |
| Occupancy | $5,073,136 | $316,234 | $96,038 | $5,485,408 |
| Fees for Services Other | $3,934,982 | $884,544 | $159,432 | $4,978,958 |
| All Other Expenses | $3,541,328 | $308,522 | $121,405 | $3,971,255 |
| Current Officers, Directors, Trustees, and Key Employees | $274,666 | $3,095,383 | $515,413 | $3,885,462 |
| Insurance | $2,608,778 | $460,592 | $3,886 | $3,073,256 |
| Interest | - | $2,884,134 | - | $2,884,134 |
| Payroll Taxes | $2,198,617 | $327,558 | $153,922 | $2,680,097 |
| Other Expenses | $2,286,020 | $35,997 | $24,055 | $2,346,072 |
| Fees for Service Investment Mgmnt Fees | - | $2,284,544 | - | $2,284,544 |
| Information Technology | $1,729,514 | $267,200 | $84,280 | $2,080,994 |
| Office Expenses | $1,558,431 | $330,456 | $86,008 | $1,974,895 |
| Advertising | $1,655,819 | $147,147 | $102,839 | $1,905,805 |
| Travel | $652,317 | $244,413 | $895,549 | $1,792,279 |
| Fees for Services Legal | $139,849 | $1,318,932 | $2,541 | $1,461,322 |
| Pension Plan Contributions | $921,613 | $212,233 | $90,313 | $1,224,159 |
| Fees for Services Accounting | - | $299,033 | - | $299,033 |
| Fees for Services Professional Fundraising | - | - | $162,000 | $162,000 |
| Grants to Domestic Individuals | $158,440 | - | - | $158,440 |
| Conferences and Meetings | $105,813 | $12,776 | $13,640 | $132,229 |
| Total Functional Expenses | $114,855,259 | $29,260,330 | $5,659,035 | $149,774,624 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $149,774,624 |
| Total Expenses per Audited Statements | $144,817,570 |
| Expenses per Audited Statements | $139,944,510 |
| Expenses Not Reported on Financial Statements | $9,830,114 |
| Expenses Not Reported on Form 990 | $4,873,060 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | - | - | - | $2,428,165 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $1,053,891 |
| Fundraising Gross Income | $259,240 |
| Professional Fundraising Fees | $162,000 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala Ball | $2,093,325 | $107,500 | $176,112 | $-68,612 |
| Bayou Bend Garden Party | $539,900 | $50,800 | $233,466 | $-182,666 |
| Total Events | $3,572,088 | $259,240 | $1,053,891 | $-794,651 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Ownership by a Family Member of a Trustee | Investment Manager | No | $1,703,080 |
| - | Family Relationship With Key Employee | Catering Services | No | $641,885 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $522,046 | $465,309 | ▼ $56,737 |
| Liability | Amount |
|---|---|
| 2.853% TAXABLE BONDS, SERIES A-DUE AUGUST 1, 2051 | $99,212,972 |
“The following mfah board members share a family relationship: cornelia c. Long, mary cullen, rosanette s. Cullen, martha katherine wade, and nina o'leary zilkha - family relationship william n. Mathis and holbrook f. Dorn - family relationship clare atwell glassell and alfred c. Glassell iii - family relationship the following mfah board members share a business relationship: windi grimes and laurie morian”
“Form 990 was reviewed prior to filing with the audit committee by the chief financial officer and controller. A paid independent accounting firm reviewed form 990. The form 990 was distributed to all members of the board of trustees prior to filing. The cfo, controller, and director were available to all members of the audit committee and board to answer questions.”
“All trustees and committee members, voting or non-voting, receive a conflict of interest questionnaire at the start of each fiscal year. The completed forms are returned to the office of the chief financial officer. Each trustee committee chair is familiar with the museum of fine arts, houston's conflict of interest policy and enforces the policy at the committee level as required. Any conflicts identified at a committee meeting are reflected in the committee minutes and the conflicted party leaves the room and does not participate in the vote.”
“The museum of fine arts, houston has a compensation sub-committee chaired by the chairman of the committee, includes four voting trustee members and one committee consultant. Comparative data for similar positions in united states museums are reviewed along with a minimum of a four to five year compensation history. Additionally, the committee establishes specific criteria for compensation decisions.”
“All documents required by law to be made available to the public are available. The audited financial statements are made available through the museum of fine arts, houston website.”
“Established in 1900 as a modest education initiative to bring art to houston public schools, the museum of fine arts, houston (mfah) remains steadfast in its mission to serve as a place for all people through excellence in the collection, exhibition, preservation, conservation, and interpretation of art. To that end, mfah public programming actively seeks to connect the institution with the community through exhibitions and activities held across houston. Each year, visitors engage with the museum's permanent collection of nearly 80,000 masterpieces from around the world, and with the artists and objects featured in special presentations and programs. By providing a broad range of educational and artistic activities, the museum seeks to capture the vibrant patchwork of houston's unique culture and to respond to the interests and needs of a diverse population. Thus, the vision of inclusion and accessibility on which the mfah was founded endures on through its innovative programs, which engage the entire community in the arts and in celebration of the diverse forms of creativity that intrigue, inspire, and excite us all.”
“The mfah is the largest cultural institution south of chicago, west of washington, d.c., and east of los angeles, with a total of 370,000 square feet of space dedicated to the display of art. The majority of the museum's presentations take place on its main 14-acre walkable susan and fayez s. Sarofim campus, comprising the caroline wiess law building, the audrey jones beck building, the nancy and rich kinder building for modern & contemporary art, the glassell school of art, and the lillie and hugh roy cullen sculpture garden. Within these buildings, exhibition galleries reside alongside the oldest repertory cinema in houston and one of the largest art libraries in the southwest. The sarah campbell blaffer foundation center for conservation houses a state of the art conservation facility. Nearby are two remarkable house museums - bayou bend, given to the museum by texas philanthropist ima hogg, and rienzi, the former home of art patrons carroll and harris masterson, iii - providing exquisite settings for visitors to experience the museum's renowned american and european decorative arts collections in context. Over the years, the mfah has been privileged to acquire outstanding works of art representing a wide variety of geographic regions and historic periods. Particular strengths lie in pre-columbian art, renaissance and baroque painting and sculpture, 19th and 20th century art, african-american art, photography, and latin american art. Bayou bend houses one of the finest assemblages of early american furniture, silver, ceramics, and paintings outside of new england; rienzi showcases one of the most important collections of english porcelain outside of the united kingdom. Chief among the museum's current acquisition, exhibition, and scholarship priorities are the arts of the americas, the islamic world, and asia. The mfah established the international center for the arts of the americas, a research institution designed to address the widespread lag in scholarship and collection of latin american and latino art. The museum has established a department of islamic art, which is devoted to building a renowned permanent collection, organizing innovative exhibitions of islamic art, and hosting stimulating educational and interpretive programs. At the same time, the museum is also deepening its commitment to asian art, actively seeking to increase its relevant holdings and promote cultural understanding. Bayou bend collection and gardens, the mfah house museum for american decorative arts, includes the lora jean kilroy visitor and education center. The visitor center features an orientation gallery, a library, two meeting rooms, public terraces, and ample parking. Designed by houston architect leslie k. Elkins, the building achieved a leed silver certification for its environmental efficiencies. The new and expanded glassell school of art is housed in a 93,000 square foot building on montrose boulevard. The mfah's world-renowned conservation department resides in the sarah campbell blaffer foundation center for conservation. Situated above the west side of the museum's visitor's center and fannin parking garage, the state of the art facility unites the museum's conservation team under one roof and in close proximity to the museum. The nancy and rich kinder building, devoted to the museum's international collections of modern and contemporary art, was designed by steven holl architects as the third mfah gallery building on the museum's susan and fayez s. Sarofim campus. The building is dedicated to presenting works from the museum's international collections of modern and contemporary art, and includes works drawn from the collections of latin american and latino art; photography; prints and drawings; decorative arts, craft and design; and modern and contemporary art.”
“Offering art education, studio instruction, and community outreach, the mfah is dedicated to supporting research and cultivating innovation within the arts and related disciplines. The mfah is partnering with rice university to pursue leading-edge scientific research aimed at advancing current techniques for art conservation. With generous support from the andrew w. Mellon foundation, the museum has established a research science program dedicated to thorough investigation and analysis of works of art. In a related effort, the museum developed an art conservation database (acd), a web-based database that will provide a system for easily accessing conservation records, informing all collection procedures and policies, and serving as a national model for conservation data management and collection care.”
“With nearly 80,000 works, the museum's permanent collection of world art spans 6,000 years and six continents. The museum acquires its art collection through purchases or by gifts. The cost of all art objects purchased, together with the value of art objects obtained by gift (for which the museum receives a reasonable estimate), is reported as a part of acquistion of art objects net of proceeds from the sale of art. In accordance with policies followed by many art museums, no value has been assigned in the statement of financial position to the museum's art collection.”
“Collection of world art and art education. See schedule o description of organization's exempt purpose.”
“Operations of the museum and accessions for art purchases.”
“The museum is exempt from federal income taxes, other than on unrelated business income, under the provisions of section 501(c)(3) of the internal revenue code. No provision for federal income taxes is included in the financial statements. U.s. Gaap requires management to evaluate tax positions taken and recognize a tax liability (or asset) for uncertain positions that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the museum, and has concluded that there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”
“Cost of goods sold 3,819,169. Fundraising direct expenses 1,053,891.”
“Cost of goods sold 3,819,169. Fundraising direct expenses 1,053,891.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 30167424 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 952754 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1064646 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE MUSEUM OF FINE ARTS, HOUSTON SERVES AS A WELCOMING AND INCLUSIVE PLACE FOR ALL PEOPLE, CONNECTING THE COMMUNITIES OF HOUSTON WITH DIVERSE HISTORIES OF ART SPANNING 5,000 YEARS AND SIX CONTINENTS. THROUGH OUR PERMANENT COLLECTIONS, SPECIAL EXHIBITIONS, LEARNING AND INTERPRETATION PROGRAMS, PUBLICATIONS, CONSERVATION AND SCHOLARLY RESEARCH, WE STRIVE TO INSPIRE APPRECIATION AND UNDERSTANDING OF THE BROADEST SPECTRUM OF HUMAN ACHIEVEMENT. |
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| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 147147 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 1655819 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1905805 |
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| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 121405 |
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| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 3541328 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7136397566 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 6826 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HOUSTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 64022710 |
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| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 34 |
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| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 3095383 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 274666 |
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| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
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| IRS990/CompensationProcessOtherInd | 0 | 1 |
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| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 105813 |
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| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
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| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 914706 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 836467 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 722426 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 761 SHORELINE DRIVE |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 1900 WEST LOOP SOUTH STE 500 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | DALLAS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | HOUSTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 4 | HOUSTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | IL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | TX |
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| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | ARMED GUARD SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | GENERAL CONTRACTOR |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | CATERING SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | GENERAL CONTRACTOR |
| IRS990/ContriRptFundraisingEventAmt | 0 | 3312848 |
| IRS990/CostOfGoodsSoldAmt | 0 | 3819169 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 30796055 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 158440 |
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| IRS990/Desc | 0 | EDUCATION AND PUBLIC PROGRAMS: PROVIDES INTERPRETIVE PROGRAMMING, ACCESS TO 2 ON-SITE ART LIBRARIES, PROVIDES RESOURCES AND TRAINING TO ART TEACHERS, AND ENGAGES THE COMMUNITY THROUGH LECTURES, CONCERTS, TOURS AND FESTIVALS. SEE SCHEDULE O FOR FURTHER DETAIL. |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 30 | X |
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